HBD and Feldberg announced the launch of Origin in December 2024 and recently secured a £54m development loan for the platform.
The three-unit scheme will deliver 71,000sq ft of prime industrial and logistics space located in the centre of Welwyn Garden City.
Vivienne Clements, executive director at HBD (pictured above, centre right), said: “It’s positive to see INTER starting on site, the first of three high-quality I&L schemes due to get underway in the coming weeks following the launch of the Origin JV in December.
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“INTER is extremely well-located and, coupled with its market-leading sustainability credentials, is sure to appeal to ESG-conscious occupiers.”
Jamie Acheson, managing director at Feldberg Capital (pictured above, centre left), commented: “It’s great to hit the ground running with the first of the seed assets as we look to rapidly scale the Origin platform with further acquisitions across the UK.
“We have strong conviction in the occupational markets and believe the market timing is perfect to capture the growth driven by wider tailwinds in the investment market.”
The joint venture will own and develop next generation, ESG compliant I&L assets in the UK’s mid box market.
It was seeded with an initial portfolio of three sites from HBD’s pipeline with a combined GDV of around £100m.
It aims to deliver £1bn of high-quality I&L schemes over the next seven years.
The agents for INTER are Adroit Real Estate Advisors and Hollis Hockley.
Pictured left to right: Alex Temple, Jamie Acheson, Vivienne Clements, Julian Mitchell
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